AEye Inc
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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FY2023 · Filed Mar 27, 2024
LIDR$0.84-6.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| AEYE, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands) | ||
|---|---|---|
| Twelve months ended December 31, | ||
| 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(87,126) | $(98,714) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,547 | 1,422 |
| Loss on sale of property and equipment, net | 59 | — |
| Noncash lease expense relating to operating lease right-of-use assets | 1,406 | 1,338 |
| Impairment of long-lived assets | 9,988 | — |
| Gain from early termination of right-of-use assets | (35) | — |
| Inventory write-downs, net of scrapped inventory | 7,712 | 675 |
| Loss on advances to suppliers | 1,385 | — |
| Change in fair value of convertible note and warrant liabilities | 858 | 14 |
| Realized loss on instrument-specific credit risk | 46 | — |
| Stock-based compensation | 18,071 | 23,959 |
| Convertible note issuance costs | — | 474 |
| Realized loss on redemption of marketable securities | — | 77 |
| Amortization of premiums and accretion of discounts on marketable securities, net of change in accrued interest | (211) | 1,086 |
| Expected credit losses | 35 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 451 | 3,605 |
| Inventories, current and noncurrent, net | (2,459) | (2,634) |
| Prepaid and other current assets | 2,279 | (1,130) |
| Other noncurrent assets | 284 | 527 |
| Accounts payable | 252 | 839 |
| Accrued expenses and other current liabilities | (3,135) | 85 |
| Operating lease liabilities | (1,528) | (1,341) |
| Contract liabilities | (987) | (1,931) |
| Other noncurrent liabilities | 383 | — |
| Net cash used in operating activities | (50,725) | (71,649) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (1,951) | (4,200) |
| Proceeds from sale of property and equipment | 283 | — |
| Proceeds from redemptions and maturities of marketable securities | 76,350 | 96,592 |
| Purchases of marketable securities | (19,331) | (23,929) |
| Net cash provided by investing activities | 55,351 | 68,463 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from exercise of stock options | 455 | 1,174 |
| Proceeds from the issuance of convertible notes | — | 9,850 |
| Payments for convertible note redemptions | (6,235) | (874) |
| Payment of 2022 convertible note issuance costs | — | (324) |
| Taxes paid related to the net share settlement of equity awards | (1,445) | (4,621) |
| Proceeds from issuance of common stock under the Common Stock Purchase Agreement | 136 | 2,891 |
| Stock issuance costs related to the Common Stock Purchase Agreement | (3) | (29) |
| Proceeds from issuance of common stock through the Employee Stock Purchase Plan | 334 | — |
| Net cash (used in) provided by financing activities | (6,758) | 8,067 |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (2,132) | 4,881 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period | 21,214 | 16,333 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period | $19,082 | $21,214 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for interest | $115 | $133 |
| Cash paid for income taxes | 16 | 20 |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | — | 28 |
| Operating lease right-of-use assets obtained in exchange for lease obligations upon adoption of ASC 842 | — | 16,284 |
| Operating lease liabilities extinguished upon early lease termination | 335 | — |
| Operating lease right-of-use assets obtained in exchange for lease obligation | — | 556 |
| Conversion of convertible notes and accrued interest into Class A common stock | 3,338 | 600 |
| Taxes related to net share settlement of equity awards included in accrued liabilities | — | 4 |
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